This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Newmont Promotes Gary Goldberg To President And Chief Operating Officer

DENVER, July 25, 2012 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that Executive Vice President and Chief Operating Officer Gary Goldberg has been promoted to President and Chief Operating Officer, reflecting his increased scope and organizational responsibilities within Newmont. 

Richard O'Brien, Newmont's Chief Executive Officer, said, "Newmont is executing a comprehensive plan to drive profitable growth in production and sustainable increases in shareholder value.  We have a strong management team, a solid balance sheet, great exploration potential, and a unique gold price-linked dividend that gives our shareholders direct leverage to gold prices.  With the significant contributions he has already made, Gary has quickly established himself as a leader at Newmont and his promotion reinforces my confidence in our ability to execute our plan and deliver superior value for shareholders in the years ahead." 

Mr. Goldberg joined Newmont in December, 2011 as Executive Vice President and Chief Operating Officer and is responsible for worldwide Operations, Projects, Health, Safety and Loss Prevention, Security, Solutions and Innovation, and Business Excellence.  He previously spent 30 years at Rio Tinto plc in increasingly senior positions in its gold, copper, coal, and industrial minerals businesses, including serving as President and Chief Executive Officer of Rio Tinto Minerals from 2006 to 2011. 

Vincent Calarco, Newmont's Chairman of the Board, said, "Since joining Newmont last year, Gary Goldberg has worked closely with Richard O'Brien and quickly demonstrated his deep mining experience as well as outstanding strategic, operating and financial skills.  The Board is confident that Gary will make increasing contributions to Newmont's ability to execute its plan, deliver profitable growth, focus on safety and effectively allocate capital to increase shareholder value."

In addition to his positions at Rio Tinto, Mr. Goldberg served as Chairman of the National Mining Association in the U.S. from 2008 to 2010 and led its CEO's Safety Council.  While serving as President and CEO of Borax, the company was twice named America's safest large mining operation by the federal Mine Safety & Health Administration and Borax was the first mining company to receive the California Governor's Environmental and Economic Leadership Award.  While serving as Managing Director of Coal & Allied Industries Limited in Australia, he was appointed to the Australian Government's Business Roundtable on Sustainable Development.  He holds a Bachelor of Science degree in Mining Engineering from the University of Wisconsin-Platteville and a Masters degree in Business Administration from the University of Utah.

SOURCE Newmont Mining Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs